Running a business is an investment – you need to spend money to make money. But when it comes to managing your spend, there’s no room for error if you’re going to accurately forecast, budget, and invest. That means every expense report needs to be submitted on time and every vendor invoice receipt must be accounted for. But this is easier said...
A supplier invoice policy is one of those documents that every business should have. An effective policy will greatly reduce the amount of time related to the tasks of approving and processing vendor invoices, addressing exceptions, or storing,...
As we continue exploring how to better manage employee initiated spend, this article focuses on using corporate cards and P-cards as a means to facilitate unstructured spend visibility and control. Furthermore, it highlights the benefits of...
As we prepare to exhibit at SAP Concur Fusion for the ninth year in a row, we can’t help but reflect on all the fun we’ve had at Fusion events across the globe - from Las Vegas, New Orleans and Seattle to Tokyo, London, Paris and more. It’s been...
When was the last time you calculated just how much your company spends on your accounts payable processing? If you were to take into consideration time spent on invoice reconciliation and management, along with any late fees or interest charged...
Little and often: It’s an approach that’s recommended for self-improvement activities such as exercise and learning. It’s also recommended for keeping on top of chores such as gardening and housework. You can apply this approach at work, too. In...
The nature of company spending has changed significantly within the last five to ten years – and is poised to continue evolving over the next several years. With changes in spending, the ways that you track and manage spending have become more...
Curious as to how modern invoice management tools can help you monitor and manage spending to maximize your profitability. From invoicing software to spend management best practices, we have you covered.